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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income (loss) $ 173,879 $ 401
Adjustments to reconcile net income (loss) to net cash flow from operating activities:    
Depreciation and amortization 141,266 52,241
Amortization of intangible assets and contract liabilities, net (84,737) 28,354
(Gain) loss on extinguishment of debt, net 26,397 0
(Gain) loss on sale of operating assets, net 0 (6,767)
Deferred income taxes (57,179) (15,730)
Amortization of share-based compensation 18,854 13,839
Other costs, net 5,404 (3,364)
Changes in components of working capital    
Change in taxes receivable (20,284) (345)
Net changes in other operating assets and liabilities (55,520) (32,330)
Net cash provided by (used in) operating activities 148,080 36,299
Cash flows from investing activities    
Capital expenditures (169,530) (79,525)
Proceeds from disposal of assets, net 0 15,756
Net cash provided by (used in) investing activities (169,530) (63,769)
Cash flows from financing activities    
Issuance of debt 600,000 0
Repayments of debt (673,411) 0
Debt extinguishment costs (25,697) 0
Debt issuance costs (24,914) 0
Warrants exercised 102 440
Share repurchases (70,000) 0
Taxes withheld on employee stock transactions (8,355) (4,926)
Net cash provided by (used in) financing activities (202,275) (4,486)
Net increase (decrease) in cash, cash equivalents and restricted cash (223,725) (31,956)
Cash, cash equivalents and restricted cash, beginning of period 485,707 196,722
Cash, cash equivalents and restricted cash, end of period $ 261,982 $ 164,766